Growing in Grace Ministries Inc

Analysis

Growing in Grace Ministries Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Growing in Grace Ministries Inc reported income of $99k and spending of $88k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $99k (+15%), an average of +14% a year. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Growing in Grace Ministries Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within AZ. Charities of a similar size with the same main cause include Parenting with Purpose Inc ($99k), Equipping the Nations ($99k) and Maxiumum Impact ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.